Winning profitable Trend Following Forex Trading system is a forex trading system. This forex trading system is usually used for scalping as well as swing trading. Winning profitable Trend Following Forex Trading System is formed by the combination of an oscillator and momentum based multiple indicators for reducing noises.
The buy and sell signals are generated on the foundation of the multiple indicators present in the system. The mixture of these indicators not only help to generate signal and also verify generate trading signals.
Despite the good forex trading system one cannot make money if one is not disciplined enough to follow the rules of the system. We have seen that most of the traders lose money due to lack of proper discipline and trading rules. Even if trader earn, they always fail in the long run failing to achieve consistent profit. One needs to understand and follow rule of trading system.
Winning profitable Trend Following Forex Trading System Overview
|Time Frame||Instruments||Number of Indicators||Rating|
|H1, H4, and Daily||Any||5||9|
When you set up Winning profitable Trend Following Forex Trading system in your metatrader 4 platform your chart should look like this:
There are multiple forex trading indicators used in this system. However, we should be selective indicators as all of them are not equally important. Here, we will use only very significant forex trading indicators.
- Bband stop Alert
- SEFC Bull and Bear
- Mega Fx
- Solar Wind Joy
Bband stop Alert
Bband stop Alert system is widely used indicator in many trading system, this indicator offers alert sound with changing trend, It appear as up and down arrow symbol. When the indicator shows up arrow, you should be buying and when the indicator is down you should be selling. However, you need to distinguish strength and direction of the trend i.e. you should buy only in an up trending market and you should be selling only in a down trending market.
SEFC Bull and Bear
SEFC Bull and Bear by name itself consists of two different horizontal bars which indicate the bear and bull trend of the market. When bars turn blue it specify bull trend and red bar specifies bear trend. While using this system, it verify generated signal.
Mega Fx Profit
Mega Fx Profit indicator show existing trend of the market.This indicator move above and below zero line with changing color green and red. If it is above zero it turns into green color and if it moves below zero it indicates bearish strength.
Fisher is also momentum indicator which swing above and below zero line turning green and red bar. The continuously inclining and declining of the bar indicate show high and low strength of trend. The inclination of green bar indicate strong bullish strength in trend and decline indicates weakness of trend. When the bar goes green above zero, you should go long and when bars go below zero you should go short.. But point to be noted , you should trade only in the direction of the trend.
Solar wind indicator show cycle of trend. When market moves up it transform to green and it turns yellowwhen this indicator falls below zero.
Winning Profitable Trend Following Forex Trading System: Buy Signals
- The market should be up trending in a timeframe you are watching.
- The B Band stop Alert indicator should be green (market should be above this indicator).
- The SEFC Bull and Bear indicator should be blue (market should be above this indicator).
- Mega Fx Profit indicator should be green.
- The Fisher indicator should be above zero line.
- Solar wind must be in green in color.
- Place your long position when all of the above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when Bbandstop indicator turns red.
You Must Read: The Best Forex Trading Strategy Ever
Winning Profitable Trend Following Forex Trading System: Sell Signals
- The market should be down trending in a timeframe you are watching.
- The B Band stop Alert indicator should be red.
- The SEFC Bull and Bear indicator should be red –
- Mega Fx Profit indicator should be in negative territory.
- The Fisher indicator should be negative
- Solar wind should be red in color.
- Place your short position when all of the above conditions are met.
- Place your stop loss just above the recent swing high
- Take your profit when Bbandsstop alert indicator turns blue.